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Alert: IRS releases high level guidance on UBI siloing provisions

One of the new elements of the 2017 Tax Act, which isolates unrelated business activities into separate trade or business units, has the potential to create tax liabilities for not-for-profit organizations. The IRS just released Notice 2018-67, which provides more guidance on this topic. For our high-level overview of the guidance, including details on how the IRS recommends organizations "silo" their unrelated business income, read our alert now.